From: An analysis of price and volatility transmission in butter, palm oil and crude oil markets
1995–2005 | |||||||||
Lag 1 | Lag 2 | ||||||||
Constant | EU butter | Oceania butter | Crude palm oil | Crude oil Brent | EU butter | Oceania butter | Crude palm oil | Crude oil Brent | |
EU butter | x | 0.4110* | x | x | x | −0.1466*** | x | x | x |
Oceania butter | x | 0.220** | 0.3788* | x | x | 0.2648 | x | x | x |
Crude palm oil | x | x | x | 0.3447* | x | x | x | −0.3899* | x |
Crude oil Brent | x | x | x | x | x | x | −0.3313 | x | x |
2006–2015 | |||||||||
Lag 1 | |||||||||
Constant | EU butter | Oceania butter | Crude palm oil | Crude oil Brent | |||||
EU butter | x | 0.5782* | 0.1469* | x | x | ||||
Oceania butter | x | 0.1883* | 0.3510* | x | 0.0904*** | ||||
Crude palm oil | x | x | x | 0.3274* | 0.1778* | ||||
Crude oil Brent | x | x | x | x | 0.4210* |